Binance Launches 23rd Phase of Binance Savings Products

Published on 2020-06-19 01:29

Fellow Binancians,

Binance will launch the 23rd phase of Binance Savings Products at 2020/06/18 12:00 PM (UTC), where 30-day and 90-day fixed-term locked savings products will be made available. Further details are below: 

  • Subscription Format: First-come-first-served basis.
  • Subscription Period: From 2020/06/18 12:00  PM (UTC) to 2020/06/19 12:00  PM (UTC).
  • Interest Calculation Period: 2020/06/19 12:00 PM (UTC) to the end of each respective product period.
  • Interest Payout Time: Immediately after loan term matures. 

Savings Product Details (

)

DigitalAsset

Term to Maturity

Total Subscription Cap

Individual Cap

Annualized Interest Rate

Lot Size

Interest Per Lot at Maturity

STPT

30 days

15,000,000 STPT

500,000 STPT

5%

7,500 STPT

30.821917 STPT

STPT

90 days

30,000,000 STPT

  1,000,000 STPT

18%

7,500 STPT

332.876712 STPT

ARPA

30 days

10,000,000 ARPA

500,000 ARPA

15%

20,000 ARPA

246.575342 ARPA

Note:

  • Amounts subscribed to Binance Savings products will not be able to receive their corresponding staking rewards;
  • Refer here for the ;
  • Please refer to prior to using any products on the Binance Savings platform.

Thanks for your support!

Binance Team

2020/06/18

Trade on the go with Binance’s mobile crypto trading app:

Find us on 

Telegram:

Twitter:

Facebook:

Instagram: